Moody's downgrades EU rating outlook to 'negative'
World BusinessSept 4, 2012
Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected the negative outlooks of the bloc's key budget contributors."It is reasonable to assume that the EU's creditworthiness should move in line with the creditworthiness of its strongest key member states," it said, citing negative outlooks for Britain, France, Germany and t